Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s
Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
Market Information
Our Class A Stock is
listed on the Nasdaq Global Market under the symbol “PRPL”. As of March 8, 2021, there were approximately 24 holders
of record of shares of our Class A Stock and 14 holders of record of shares of our Class B Stock. Our Class B Stock is not listed
or quoted on any exchange and is not transferrable by the holders, subject to certain limited exceptions. This number does not
include stockholders for which shares are held in “nominee” or “street” name.
Dividends
We have not paid any
cash dividends on our common stock to date. The payment of cash dividends in the future will be dependent upon our revenues and
earnings, if any, capital requirements, general financial condition, our compliance with restrictive covenants in the 2020 Credit
Agreement and other future indebtedness that we may incur, opportunities to invest in future growth initiatives, and the discretion
of our Board of Directors at such time. Our Board of Directors is not currently contemplating and does not anticipate declaring
any stock dividends in the foreseeable future.
Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
None.
Item 6. Selected Financial Data
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.